The Australian sharemarket reversed earlier gains in the afternoon session as US futures turned lower, signaling potential weakness in the Wall Street rebound. The S&P/ASX 200 Index fluctuated before closing 0.1% higher at 7,865.1, while the All Ordinaries rose 0.2%. Gains in utilities helped offset losses in other sectors.
The Australian sharemarket started the week on a strong note, buoyed by risk-on sentiment following China’s pledge to boost consumption and a rally on Wall Street. By early afternoon, the S&P/ASX 200 rose 0.6% to 7835.3, with the All Ordinaries up a similar margin. Eight of the 11 sectors advanced, led by energy stocks.
The S&P/ASX 200 climbed 0.4% to 7,780.8 on Friday afternoon, breaking a three-day losing streak as major miners drove gains amid rising gold and iron ore prices. The All Ordinaries also rose 0.5%, with seven of 11 sectors finishing higher.
The Australian sharemarket reversed early gains on Thursday afternoon as investor sentiment weakened amid uncertainty over US President Donald Trump’s tariff policies and their impact on inflation and economic growth.
The Australian sharemarket pared some losses on Tuesday afternoon but remained down nearly 1% as a sell-off in WiseTech weighed on the broader index, following a sharp decline on Wall Street.
The Australian sharemarket pared some losses on Tuesday afternoon but remained down nearly 1% as a sell-off in WiseTech weighed on the broader index, following a sharp decline on Wall Street.
The Australian share market edged higher on Monday after hitting a six-month low in the previous session, as investor caution persisted amid ongoing tariff concerns. The S&P/ASX 200 Index rose 0.2% to 7,967.6 points, while the All Ordinaries Index also gained 0.2%. Energy stocks led the gains, with Woodside up 1.9%, Yancoal rising 2.2%, and Whitehaven Coal advancing 3.1%.
The Australian sharemarket dipped below 8000 on Friday, with the S&P/ASX 200 Index falling 1.3% to 7991.1 points by midday. This decline was driven by investor concerns over Washington’s shifting tariff policies and a significant drop in Commonwealth Bank shares.
The S&P/ASX 200 fell 0.7% (57.2 points) to 8,083.90 on Thursday, as energy stocks weighed on the market following concerns over U.S. crude oil import tariffs. The All Ordinaries declined 0.6%, with all 11 sectors closing in the red.
The S&P/ASX 200 fell 0.9% (-71 points) to 8,127.10, while the All Ordinaries also lost 0.9%, as global trade tensions and China’s latest stimulus measures weighed on sentiment. Ten of eleven sectors declined, led by consumer staples.
The Australian sharemarket fell on Tuesday after US President Donald Trump confirmed plans to proceed with higher tariffs on key trading partners, denting hopes of a reprieve.
The S&P/ASX 200 rebounded on Monday, rising 0.5% (41.5 points) to 8,213.90, recovering from Friday’s losses despite looming US tariffs. The All Ordinaries also gained 0.5%, with eight of eleven sectors advancing. Real estate stocks led gains, while financials and defensive sectors underperformed.
